The bidding in the latest auction starts Friday at 5 p.m. ET and runs through Monday at 5 p.m., according to a press release. Eleven lots of cryptocurrency are on the block, including 8.93 bitcoins and 150.2 litecoins. According to a document on the GSA's auction website, the litecoins were seized from a taxpayer for nonpayment of internal revenue taxes.
“With the addition of a new type of cryptocurrency, this promises to be one of our most exciting auctions of the year,” Thomas Meiron, regional commissioner for GSA’s Federal Acquisition Service, said in the statement.
Investors must register to bid. The winning bidder must have a digital wallet to receive the property and must make a payment no later than June 23.